Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 232. (Read 542151 times)

People have said the anon fad is blowing over since inception of xcoin/dark we're still here with dash xmr and a few others surviving of nothing more than that. The anon aspect is still going strong. I say ride out every fad so long as it does not interfere with the core project. There is nothing wrong with riding hype waves with all the other projects that offer far less. Bay will eventually take the lead above most other projects on this board but it has been a long hard slog with no real funding. Most devs would have fled by now taking their new ideas to another project.

I see btcd/komodo or crypti/lisk as the road we could have gone. I would have liked to see what a few fancy graphics with all the features bay has or nearly has implemented could have attracted in developement funds. Plus I feel with enough resources david can produce above and beyond what 99% of devs can here. The path we have gone is longer and harder but may well be more rewarding in the end for those that stayed the course. Let's hope so. Q1 of 2017 isn't a mile away so it would have been nice to have some hype and attention on the project for when it shows its full potential.

I wonder how many superior products lose out to inferior ones due only to marketing and spin.... I bet it would be a huge %

I have been into Bay for long as I like to be into coins with superior tech. Also, agree that Eth is crap. There are many coins with superior tech that aren't doing as well as they should but I think you may be focusing too much on bashing other coins such as Eth. I see the same being done by Vcash dev. That doesn't help your coin.

What you are lacking is partnerships, marketing people and investors. Good tech alone won't help you go too far as we have seen with many coins before. The big shitcoin devs have people going into various conferences around the world and talking to people, forging partnerships and making deals. You are not doing any of that. That is why Bitbay isn't going much higher. Maybe you can't afford to go to conferences, but you can enter into partnerships.

Partnerships - Are there any authority people out there who would appreciate high end decentralized tech? You should do a video chat with them. Build the word slowly with the people who like this stuff. If they like it, they will talk about it in front of their audiences. These are the people looking for interesting content to share or they simply talk about you out of pure passion. You may consider doing interviews with anarchic talk shows, for example.

Marketing led by people - start a referral program where people can get paid in a decentralized way to promote various aspects of Bitbay such as getting new vendors and buyers. Website owners can then put up ads, tutorials, coupons of listings on the bitbay network and get paid in a decentralized way.

Private group of investors - they aren't in for the passion alone. They want to make a profit. Consider the siafund method. A second chain or maybe a token (bayfunds) built on top of another chain which gets X% of the bitbay network fees as taxes. Your investors can own the bayfunds. Now they have an incentive to promote bitbay and increase bitbay network activity.

This particular fad is already passing by, IMO. Peeps already looking for the next fad bandwagon, whatever that may be.
For fear of stating the obvious, and at the end of the crypto day, its all about broad based usage. Real usage. This seems to be easily dismissed in crypto, with loads of distracting over-clever code, that goes over the head of the very people you need, to call a project successful. The next coin project that dedicates to this focus, will have a good chance of making it big. Make it BAY.  

From a practical and functional standpoint this may be true. However I never underestimate the fads on this board for marketing purposes and hype trains. This project is function strong and marketing weak. Anon is still a fad many are obsessed by.
Then again perhaps now is still the time to wait on the marketing side who can say. Many on this board have not heard of bitbay and are still pouring their btc into icos with little or nothing to offer over other projects that exist but they are unaware of.

However great to hear by xmas we will have some new features to discuss on the main board and by quarter 1 of 2017 we shall have a product hopefully people can no longer afford to ignore.

Still wish we had pulled a crypti lisk /btcd/komodo ico2 since i think bay had more to offer than that project did and now has millions of dev fund to work with that would have been great for bay.

Okay thanks that what I was thinking too and plus anonymous broadcasting is a great idea but when contracting it can delay transactions because they need to be forwarded.

So the next update will have voting/staking support, advanced payment options, settings and Tor and other options.

However we won't be able to stake until we fork to POS 3.0

Privacy features are not important yet imo while the value of a token is still so low. If/when people start transferring $1k worth of coins regularly it becomes a valuable thing to have.

Privacy features are not important yet imo while the value of a token is still so low. If/when people start transferring $1k worth of coins regularly it becomes a valuable thing to have.

There is a privacy technique for broadcast forwarding. I'm not sure if adding it is a distraction. The next update should be done by then. I wanted to have more done by now however a lot of it will be Q1 2017.

We will have a big update before Xmas

Any xmas surprises coming for bay? or mostly going to be rolling out 2017 now? was there mention of some novel privacy technique ?

Hello

My bitbay Client didnt Sync Anymore.
The following nodes are in bitbay.conf

addnode=104.236.208.150
addnode=188.166.39.223
addnode=128.199.118.67
addnode=104.255.33.162
addnode=194.135.84.161
addnode=23.227.190.163

is that o.k or did i need other nodes?


ciao

0 active connection
not staking because wallet is offline

how can online my wallet

reply pls

yes can we put this on the OP

"Poloniex Coin Request"

"Your coin request has been recorded and will be reviewed by Poloniex staff. Thank you. Please only submit this form once per user per coin."

https://poloniex.com/coinRequest

Only takes a minute, no reason not to fill out a request people...

also all the information they need to put in....

then they can just put their own geniune reasons for bay being worthy of listing of which there are many

Yeah essentially all accounts have 2 keys so you can set one on the main computer and the other on multiple servers. The whole theory behind cold staking is to allow staking without hacking. However anti-keylogger won't help since you need to unlock the wallet to stake

Wow, thanks Sig! That really means a lot!


Hey David...
Question about the cold staking.

So we have 2 private keys running on 2 different computers as a joint account.

But what if one of the keys was on one computer and the other private key was a joint account key with 2 keys on 2 separate computers.

Wouldn't that make a joint account with a joint account and virtually create a system with the capabilities to hold a 'hot' cold wallet on 3 computer devices?

Couldn't that make for an endless loop of security?
As the 2nd key could keep splitting into 2 more keys?

So if an exchange like bittrex wanted to stake the coins (on average they've held around 115 million Bays for 2 years - that's a lot coin minting power they are throwing away!), they could essentially have the cold wallet on 4 to 5 different devices, passphrase protected (with timed anti-keylogger security), and hidden in images?

It would make it unhackable! They only way they could hack the system is if it's an inside job.
Heck with this in mind they could even create a money back guarantee because they know it would have to be an inside job if it happened!

We have an open communication channel with Polo and usually will have some communication when Sycoin 2.1 fork is nearing, once all of that is complete I will also put in good word to Tristan.